2 Wide-Moat Dividend Stocks to Buy and Hold Forever
Their dividends are about as safe as they come.
2 Wide-Moat Dividend Stocks to Buy and Hold Forever
Overview
Dividend investors need not live in fear that the companies whose shares they hold will decrease or suspend their payouts if the going gets rough. There are outstanding dividend payers out there that are unlikely to do so. Here are two great examples: Coca-Cola (NYSE: KO) and Johnson & Johnson (NYSE: JNJ). These two market leaders have outstanding dividend records, solid businesses, and strong competitive advantages, making them top buy-and-hold forever picks. Read on to find out more.
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Coca-Cola is one of those companies that needs no introduction. It is well-known worldwide for its beverage brands, some of which are among the most famous in their categories. Coca-Cola's large portfolio of beverages, significant global footprint, and its position in the defensive consumer staples industry mean it can generate consistent revenue, earnings, and cash flow. The company has been doing so for decades, and part of its success comes from its wide moat. Coca-Cola's competitive advantage stems from its brand name, which is one of the most valuable in the world and inspires trust and confidence. Thanks to this strong brand recognition, Coca-Cola can attract customers with minimal effort.
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Originally published at www.fool.com.
